Report
Fugro : Now also affected by US & Middle East tensions
>Q3 revenues 12% below expectation, EBIT 23% below - Revenues in 24Q3 have come in 2.9% lower than a year ago at € 596.5m (comparable down 0.7%), and just slightly higher than Q2 (€ 587.9m), where the market and us were expecting the usual q-o-q +5-10%, implying revenues were 12% lower than our expectation. Marine was comparable still up 0.3% up to € 472.1m, but Land down 4.2% to € 124.3m, both missing our forecasts by 12%.Regional markets. Key explaining factors...
Underlying
FUGRO NV
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Thijs Berkelder
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